Is TrustInvesting a Legitimate or a Scam Broker?
TrustInvesting has adopted a name to gain the confidence of investors. However, it doesn’t even come close to living up to this name. In fact, the rise and fall of TrustInvesting is well documented. There is a chance that a former crypto scam will try to regenerate its reputation and try to convince new would-be victims that it is legitimate. In the case of TrustInvesting, don’t believe them. They have tried to “recover” various times, so stay safe from their next comeback.
We Have Found Problems with TrustInvesting
TrustInvesting like many other crypto scams promised its investors high returns. Right off the bat, there is a problem. No broker can guarantee that traders will make a certain amount of money, especially in the highly volatile crypto market. They encourage clients to recruit new clients, which makes this an MLM as well as a suspected Ponzi scheme.
When TrustInvesting couldn’t give their customers withdrawals, they claimed they were victims of an $840 million hack. It’s true that hacking happens, but it is a common excuse used by crypto scams. Whenever you see a broker claiming this, look for follow-up stories and investigations confirming these statements. There were no official statements validating that TrustInvesting was hacked. They still were pushing their phony coin, the TrusterCoin, and were promising clients double and triple-digit returns following the hack.
TrustInvesting has been flagged by the Spanish financial regulator, CNMV. There is no reason to give this broker your confidence or your money.
These Classic Red Flags Indicate TrustInvesting May Be a Broker Scam
- No license
- No transparency
- False promises
- Suspected Ponzi crypto scam and MLM
- Misleading claims
- Flagged by CNMV
- Negative reviews
What You Should Do If You Have an Account with TrustInvesting
If you currently hold an account with TrustInvesting, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!
